본문내용
s in Territory to the effect that this Agreement has terminated.
21.2 In case Consignee holds a stock of Products at the time of termination hereof.
Consignee shall ship back whole of Products stocked to ABC.
Article 22. Force Majeure
Neither party shall be liable to the other party for failure to perform parts or whole of
this Agreement and/or each individual contract when such failure is due to strikes,
labor trouble, riots, storms, fires, explosions, floods, inevitable accidents,
war(declared or undeclared), embargoes, blockades, legal restrictions, insurrections,
Act of Gods or any other cause similar thereto which is beyond the control of the
party.
Article 23. Notice
Any notice required or authorized to be given by either party hereto shall be received in writing and shall be deemed effectively served when deposited in mail, registered and addressed to the party to whom such notice is directed at such party’s place of business as follows :
To ABC Tel No. :
Fax No. :
Address :
To Consignee Tel No. :
Fax No. :
Address :
Or such other address as either party shall hereinafter furnish to the other party by written notice as herein provided.
Article 24. Assignment
This Agreement shall not be assignable by either Consignee or ABC
without the other party's written consent.
Article 25. Arbitration
All disputes, controversies or differences which may arise between the parties hereto, out of or in relation to or in connection with this Agreement, or the breach thereof, shall be finally settled by arbitration in Seoul, the Republic of be Korea in accordance with the Commercial Arbitration Rules of the Korean Commercial Arbitration Board. The award rendered by arbitrator(s) shall be final and binding upon both parties.
Article 26. Governing Law
This Agreement shall be governed as to all matters, including validity, construction and performance, by and under the laws of Korea.
Article 27. Waiver
Failure of any party to insist upon the strict and punctual performance of any provision hereof shall neither constitute waiver of nor estoppel against asserting the right to require such performance, and never shall a waiver or estoppel in one instance constitute a waiver or estoppel with respect to a later breach whether of similar nature or otherwise.
Article 28. Integration
This Agreement sets forth the entire agreement and understanding between the parties as to the subject matter of this Agreement and merges all prior discussions and negotiations between the parties, and neither of the parties shall be bound by any conditions with respect to the subject matter of this Agreement other than as expressly provided in this Agreement or other than as duly set forth on or subsequent to the date hereof in writing and signed by both parties.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their duly authorized officer or representative as of the date first above
written.
ABC Inc. Consignee
Name, President Name, President
21.2 In case Consignee holds a stock of Products at the time of termination hereof.
Consignee shall ship back whole of Products stocked to ABC.
Article 22. Force Majeure
Neither party shall be liable to the other party for failure to perform parts or whole of
this Agreement and/or each individual contract when such failure is due to strikes,
labor trouble, riots, storms, fires, explosions, floods, inevitable accidents,
war(declared or undeclared), embargoes, blockades, legal restrictions, insurrections,
Act of Gods or any other cause similar thereto which is beyond the control of the
party.
Article 23. Notice
Any notice required or authorized to be given by either party hereto shall be received in writing and shall be deemed effectively served when deposited in mail, registered and addressed to the party to whom such notice is directed at such party’s place of business as follows :
To ABC Tel No. :
Fax No. :
Address :
To Consignee Tel No. :
Fax No. :
Address :
Or such other address as either party shall hereinafter furnish to the other party by written notice as herein provided.
Article 24. Assignment
This Agreement shall not be assignable by either Consignee or ABC
without the other party's written consent.
Article 25. Arbitration
All disputes, controversies or differences which may arise between the parties hereto, out of or in relation to or in connection with this Agreement, or the breach thereof, shall be finally settled by arbitration in Seoul, the Republic of be Korea in accordance with the Commercial Arbitration Rules of the Korean Commercial Arbitration Board. The award rendered by arbitrator(s) shall be final and binding upon both parties.
Article 26. Governing Law
This Agreement shall be governed as to all matters, including validity, construction and performance, by and under the laws of Korea.
Article 27. Waiver
Failure of any party to insist upon the strict and punctual performance of any provision hereof shall neither constitute waiver of nor estoppel against asserting the right to require such performance, and never shall a waiver or estoppel in one instance constitute a waiver or estoppel with respect to a later breach whether of similar nature or otherwise.
Article 28. Integration
This Agreement sets forth the entire agreement and understanding between the parties as to the subject matter of this Agreement and merges all prior discussions and negotiations between the parties, and neither of the parties shall be bound by any conditions with respect to the subject matter of this Agreement other than as expressly provided in this Agreement or other than as duly set forth on or subsequent to the date hereof in writing and signed by both parties.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their duly authorized officer or representative as of the date first above
written.
ABC Inc. Consignee
Name, President Name, President
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